Masters of Scale Rapid Response: Using failure as a launchpad, w/MoviePass’s Stacy Spikes
5 snips
May 23, 2023 Stacy Spikes, co-founder and CEO of MoviePass, dives deep into his journey as a passionate Black entrepreneur. He discusses the lessons learned from the company's fall and his innovative plans to revitalize cinema with subscription models. Stacy highlights the importance of diversity in entrepreneurship and shares how being an outsider can harness unique strengths. He also reflects on the balance of mindsets in team building and the transformative potential of AI in the film industry. It's a captivating look at resilience and reinvention.
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MoviePass's Comeback
- During the pandemic, people expressed a desire for MoviePass's return.
- This prompted Stacy Spikes to buy back and relaunch the company.
Revamped Model
- MoviePass 2.0 uses a credit-based system instead of unlimited movies.
- This allows for differentiated pricing based on factors like peak times and theater partnerships.
Industry Shift
- The pandemic shifted the movie industry's attitude towards subscription models.
- Recurring revenue models are now seen as more mature and desirable.
